Diageo finalizes expansion of its US$14m Malt bottling plant in Ethiopia

ETHIOPIA – Meta Abo Brewery, the Ethiopian subsidiary of Diageo company has completed the expansion of its US$14m non-alcoholic beverage factory that produces the first Malta Guinness packed in plastic bottles. Malta Guinness is Africa’s […]

Delta injects $11m into sorghum contract farming to boost production

ZIMBABWE – Delta Corporation, Zimbabwe’s largest beverage manufacturer, has injected more than $11 million into its Beverages Sorghum Contract Farming Scheme (BSCFS) during the 2019/2020 farming season, as it moves to support local farmers. Delta […]

Amethis Fund II to acquire minority stake in Kenyan retail chain Naivas

KENYA – Amethis Fund II, Paris-based private equity fund is set to acquire a minority equity stake in Kenyan retail chain Naivas Limited in a deal estimated to be worth billions of shilling. “We are […]

Maghreb Private Equity Fund IV acquires additional stake in Tunisian Cheese maker Land’Or

TUNISIA – Maghreb Private Equity Fund IV (MPEF IV) has acquired 1.8 million new shares, representing 16.20% of the capital of the Tunisian agrifood firm Land’Or. This acquisition allows the private equity fund dedicated to […]

Cocoa cooperative in Côte d’Ivoire receives backing from ABC Fund

COTE D IVOIRE – Socak Katana, a cocoa cooperative in Côte d’Ivoire has received an undisclosed amount of investment from the Agri-Business Capital Fund (ABC Fund), managed by Bamboo Capital Partners, in partnership with Injaro. […]

Burkina Faso gets US$20m facility to support agricultural value chains

BURKINA FASO – The government of Burkina Faso has penned a US$20m development loan from the OPEC Fund for International Development to help finance the country’s Agricultural Value Chain Support Project (PAPFA). The total cost […]

Uganda’s Grainpulse receives US$11m to provide multiple agribusiness services to farmers

UGANDA – IFC, a member of the World Bank Group, and the Private Sector Window of the Global Agriculture and Food Security Program (GAFSP), today announced an US$11 million loan to Ugandan agribusiness company Grainpulse […]

Kenyan agri-tech startup Farmshine secures funding from American investor

KENYA – Kenyan agri-tech startup, Farmshine, has raised US$250,000 investment from US-based impact investor Gray Matters Capital’s gender lens sector-agnostic portfolio coLABS (GMC coLABS) to expand its operations. Farmshine operates a global agriculture platform where […]